Deutsche Bank AG Lowers Stock Position in Cousins Properties Incorporated $CUZ

Deutsche Bank AG decreased its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 14.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,155 shares of the real estate investment trust’s stock after selling 15,712 shares during the quarter. Deutsche Bank AG owned 0.06% of Cousins Properties worth $2,807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Choreo LLC boosted its stake in shares of Cousins Properties by 25.6% in the first quarter. Choreo LLC now owns 27,837 shares of the real estate investment trust’s stock valued at $821,000 after purchasing an additional 5,681 shares during the period. New York State Teachers Retirement System raised its holdings in Cousins Properties by 13.5% in the first quarter. New York State Teachers Retirement System now owns 166,446 shares of the real estate investment trust’s stock valued at $4,910,000 after acquiring an additional 19,744 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Cousins Properties by 16.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,421 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 1,297 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Cousins Properties by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust’s stock valued at $40,853,000 after acquiring an additional 12,131 shares in the last quarter. Finally, KBC Group NV raised its holdings in Cousins Properties by 25.3% in the first quarter. KBC Group NV now owns 7,554 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 1,527 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Wall Street Zen raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday. Truist Financial cut shares of Cousins Properties from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Wednesday, July 2nd. Evercore ISI raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a report on Monday, May 19th. Finally, Mizuho raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.50.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $27.9340 on Wednesday. The firm’s fifty day simple moving average is $28.69 and its 200-day simple moving average is $28.61. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 75.50, a PEG ratio of 1.81 and a beta of 1.33. Cousins Properties Incorporated has a 12 month low of $24.07 and a 12 month high of $32.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, meeting analysts’ consensus estimates of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business had revenue of $237.72 million for the quarter, compared to analysts’ expectations of $243.73 million. During the same period in the previous year, the company posted $0.68 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. As a group, equities analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, July 7th. Cousins Properties’s payout ratio is presently 345.95%.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.